AUTOCANADA ACQUIRES TWO METRO VANCOUVER COLLISION REPAIR FACILITIES AND ENGAGES TD SECURITIES INC. FOR COLLISION STRATEGIC REVIEW

Acquisition strengthens AutoCanada's British Columbia collision repair network; TD Securities Inc. appointed exclusive financial advisor for the previously announced strategic review

Highlights

• AutoCanada acquired two Colorworks Autobody facilities in Coquitlam and Port Coquitlam, expanding its Metro Vancouver footprint and adding approximately 12,100 square feet of collision repair capacity.
• Both facilities are within 20 kilometres of ACX Ridge Meadows, hold Tier 1 status with the Insurance Corporation of British Columbia, and collectively carry certifications covering 10 automotive brands.
• AutoCanada has engaged TD Securities Inc. as its exclusive financial advisor for the strategic review of Collision Operations announced on September 29, 2026.

EDMONTON, AB, Oct. 8, 2026 /CNW/ -- AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a leading Canadian multi-location automobile dealership and collision repair group, today announced that it has completed the acquisition of two Colorworks Autobody collision repair facilities in Coquitlam and Port Coquitlam, British Columbia.

The Company also announced that it has engaged TD Securities Inc. as its exclusive financial advisor for the strategic review of its Collision Operations, which was announced on September 29, 2026.

Located within approximately 20 kilometres of ACX Ridge Meadows, the acquired facilities increase the density of AutoCanada's collision repair network in Metro Vancouver. This expanded presence is expected to support operational efficiencies, strengthen customer service and position the Company to capture additional repair demand in the surrounding communities.

"The Coquitlam and Port Coquitlam locations complement our existing footprint and create a more connected collision repair platform across Metro Vancouver," said Samuel Cochrane, Chief Executive Officer of AutoCanada. "Over the past 12 months, we have acquired nine collision centres, expanding our network by more than 20% and creating further opportunities for operational synergies and growth. Our Collision business combines a scaled platform with proven acquisition capabilities, positioning it to capitalize on the significant consolidation opportunity in Canada. Our strategic review will explore how best to enable the business to reach its full potential, accelerate growth and unlock shareholder value."

The two facilities add approximately 12,100 square feet of collision repair capacity. Collectively, the locations hold certifications covering Volvo, Nissan, Kia, Hyundai, Honda, Acura, Genesis, Ford, Stellantis, and Toyota. Both facilities also hold Tier 1 status with the Insurance Corporation of British Columbia.

Post-acquisition, these locations will operate as ACX Coquitlam and ACX PoCo, supported by AutoCanada's national collision platform, insurer relationships, OEM partnerships and operational best practices.

About AutoCanada
AutoCanada's Dealership Operations segment operates 61 franchised dealerships in Canada, representing 23 automotive brands across eight provinces, as well as three independent used vehicle dealerships. In 2025, AutoCanada's Canadian dealerships sold approximately 71,000 new and used retail vehicles. AutoCanada's U.S. dealership portfolio is classified as discontinued operations as the Company progresses its sale.

AutoCanada's Collision Operations segment, operating under the ACX brand, operates 40 collision centres supported by 26 original equipment manufacturer certifications covering 37 vehicle brands. The Collision Operations segment supports customer retention across multiple touchpoints in the automotive ownership lifecycle.

All dollar amounts in this press release are in Canadian dollars.

Forward-Looking Statements
Certain statements contained in this press release are forward-looking statements and information (collectively "forward-looking statements"), within the meaning of applicable Canadian securities legislation. We hereby provide cautionary statements identifying important factors that could cause actual results to differ materially from those projected in these forward-looking statements. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "will continue", "is anticipated", "projection", "vision", "goals", "objective", "target", "schedules", "outlook", "anticipate", "expect", "estimate", "could", "should", "plan", "seek", "may", "intend", "likely", "will", "believe", "shall" and similar expressions) are not all historical facts and are forward-looking and may involve estimates and assumptions and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict. In particular, this press release contains forward-looking statements with respect to, among other things: the strategic review of AutoCanada's collision operations; the impact of the strategic review on AutoCanada and its shareholders; the growth potential, valuation, and ongoing operations of AutoCanada's collision operations; the future operating results of the acquired collision repair facilities; the successful integration of the two Colorworks Autobody collision repair facilities into AutoCanada's business; the realization of anticipated operational and commercial synergies; and the retention of collision repair volume within AutoCanada's network.

Forward-looking statements provide information about management's expectations and plans for the future and may not be appropriate for other purposes. Forward-looking statements are based on various assumptions and expectations that AutoCanada believes are reasonable in the circumstances. No assurance can be given that these assumptions and expectations will prove correct. Those assumptions and expectations are based on information currently available to AutoCanada, including information obtained from third-party consultants and other third-party sources, and the historic performance of AutoCanada's businesses. AutoCanada cautions that the assumptions used to prepare such forward-looking statements could prove to be incorrect or inaccurate.

In preparing the forward-looking statements, AutoCanada considered numerous economic, market and operational assumptions, including key assumptions listed under Section 3 Market and Financial Outlook of the Company's Management's Discussion & Analysis for the three-month period and year ended December 31, 2025 (the "MD&A").

The forward-looking statements are also subject to known and unknown risks and uncertainties. These risks and uncertainties include, without limitation: the risk that the strategic review of AutoCanada's collision operations does not lead to a transaction or achieve its intended benefits; potential disruption to operations, key relationships, or management attention during the process; general market and economic conditions; compliance with laws and regulations; reduced customer demand; operational risks; force majeure; labour relations matters; our ability to access external sources of debt and equity capital; and the risks identified in (i) the MD&A under Section 12 Risk Factors and (ii) AutoCanada's most recent Annual Information Form (the "AIF"). The preceding list of assumptions, risks and uncertainties is not exhaustive.

Accordingly, these factors could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. Therefore, any such forward-looking statements are qualified in their entirety by reference to the factors discussed throughout this press release and in the MD&A.

Details of the Company's material forward-looking statements are included in the Company's most recent AIF. The AIF and other documents filed with securities regulatory authorities (accessible through the SEDAR+ website at www.sedarplus.ca) describe the risks, material assumptions, and other factors that could influence actual results and which are incorporated herein by reference.

When relying on our forward-looking statements to make decisions with respect to AutoCanada, investors and others should carefully consider the preceding factors, other uncertainties and potential events. Any forward-looking statements are provided as of the date of this press release and, except as required by law, AutoCanada does not undertake to update or revise such statements to reflect new information, subsequent or otherwise. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

Additional Information
Additional information about AutoCanada is available at www.autocan.ca and on SEDAR+ at www.sedarplus.ca.

SOURCE AutoCanada Inc.

For Further Information Contact: Mike Woodward, Chief Financial Officer, Phone: [phone], Email: [email protected]